I have no formal training, but even to the uneducated, there is
more than enough stress and anxiety to go around to make you doubt
in the concept of "silver linings."
And of course, when it comes to silver linings, beauty is in the
eye of the beholder.
The silver lining this column will focus on is bank lending
rates.
The United States Federal Reserve cut its interest rate to near
zero. They also struck a deal with the Bank of Canada (Prime Rate
adjusted from 3.95% to 2.95% so far), the Bank of England, the Bank
of Japan, the European Central Bank and the Swiss National Bank, to
lower their rates on currency swaps to keep the financial markets
functioning normally.
Regardless of the lending rates, the business fundamentals are
the same – if you borrow it, you must repay it.
